Industry News
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Egyptian automotive market records 11.6% increase during 1st months of 2024
Despite fluctuations in imports, the growth in domestic sales highlights the resilience of Egypt’s automotive market amid economic challenges.
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Egypt’s Cabinet outlines $591mln initiative to foster industrial sector
The plan targets developing new factories and expanding existing ones, where the investor will bear only 15% of the interest rate.
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Egypt transforms leather industry with innovative development plan
Robbiki Leather City, a national leather industry development project, sprawling across 500 feddans, is being executed in three phases.
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Phase-I of project to revive Egypt's textile industry over
The second phase is scheduled to be completed by mid-2025, with the entire project anticipated to conclude by early 2026, the prime minister said.
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Auto factory to be established in New October with investments of $135m
The land contract was signed by Sayed Metwally, Chairman of the Public Authority for Land and Dry Ports, and Arora.
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Egypt partners with China to build $135 mln car plant
Egypt’s Mansour Automotive Group and Chinese SAIC Motor have signed a $135 million agreement to establish a car manufacturing plant in New October.
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PM announces completing upgrade of spinning, weaving factories’ complexes
Prime Minister Mostafa Madbouly has announced the completion of the first phase for developing complexes of spinning and weaving factories.
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Manufacturing, extractive industries index rises by 5.24% during October 2024
Driven by market demand, the tobacco products manufacturing index surged to 159.36 in October 2024, compared to 147.63 in the previous month.
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AOI partners with NERIC to boost Egypt's railway manufacturing
This partnership aims to meet local market demands and expand into African and Arab markets, aligning with Egypt's Vision 2030 for sustainable dev.
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Egypt launches 1st phase of EGP 30 bln initiative to support priority industrial sectors
El-Wazir emphasized that this new initiative is the third initiative in a series of initiatives set to operate concurrently.
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Egypt's Garment Exports Rise 17% to USD 2.27 Billion in 2024
The US continued to be the biggest importer, with Egyptian exports increasing 14% to USD 971 million.
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Egypt's ready-made garment exports surge by 17%
This growth has been fueled by a surge in foreign investments from countries like China, Vietnam, Turkey, and India.
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Egypt eyes establishing 450-factory complex in south Port Said industrial zone
Egypt is eyeing establishing a new 73.3-acre industrial complex with 450 factories in the extension of the industrial zone south of Port Said's Raswa.
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Denimsandjeans Egypt will host Hugo Boss, Guess and Turkish players on stage
The first edition of Denimsandjeans Egypt is nearing, as it will take place on 2 and 3 February 2025 at IHG Citystars, Cairo.
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Egyptian government to launch $284.3mln Green Industry Program in Q1 2025
The green initiative aims to support the industrial sector with funding worth €271 million.
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Chinese Luthai Group plans to establish $385 mln plant in Egypt
Chinese Luthai Group, the largest global producer of dyed fabrics and shirts, regarding their plan to establish their first factory in Egypt.
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Egypt, Chinese Shen Feng discuss establishing $1.6 bln industrial complex in Egypt
El-Wazir confirmed that the ministry will fully support the project, including expediting the industrial licensing process and other procedures.
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Egypt to localise 23 industrial sectors
El-Wazir said the government was advancing industrial localisation through incentives and simplified investment procedures.
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China's XinFeng to develop $1.7bln industrial complex in Egypt
Chinese steel maker XinFeng will develop a $1.65 billion industrial complex in the Ain Sokhna Integrated Zone, part of the Suez Canal Economic Zone.
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Egypt, Saudi Arabia strengthen economic ties across industrial, mining cooperation
The high-level meeting, attended by senior officials from both nations, focused on advancing mutual investments and fostering economic integration.